Sahara International Petrochemical Co.(Sipchem) Announces the temporary shutdown of its Affiliate, SAMAPCO, Plant as a result of the curtailment of ethylene feedstock following the shutdown of the Saudi Ethylene and Polyethylene Company’s ” SEPC” cracker.
| Element List | Explanation |
|---|---|
| Announcement Detail | As previously announced by National Industrialization Company (Tasnee) on April 14, 2021 the cracker owned and operated by SEPC will be shut down for 27 days starting from 23rd of May 2021.
As a result of the above shutdown, the Sahara and Ma'aden Petrochemicals Company (SAMAPCO) will also be shut down for the same period as SAMAPCO’s feed stock of Ethylene is supplied by the SEPC cracker. This shutdown period will be utilized to enhance the reliability and operations of SAMAPCO.
The financial impact of this scheduled shutdown will be reflected in the company’s 2nd Quarter of 2021 financial results. The company has announced that it has taken the necessary actions to eliminate any potential negative impact on its customers . |
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